-The Business Standard Oil minister says Parikh report sound but government has to take realities into account; to proceed with Direct Benefits Transfer in 291 districts from January despite SC order Union petroleum minister M Veerappa Moily said there'd be no raising of the present cap on the number of subsidised cooking gas (LPG) cylinders a household was entitled to in a year. In the wake of severe electoral reverses for the ruling...

-PTI Allaying fears of a spurt in public expenditure ahead of Lok Sabha polls, finance minister P Chidambaram on Wednesday said government will not compromise on fiscal discipline, notwithstanding the defeat of Congress in four states, including Delhi and Rajasthan. Inaugurating the Delhi Economic Conclave, Chidambaram blamed the states for "inaction" to check hoarding and said the incumbent government pays a price for high inflation. "The agenda, therefore, will be obvious. At the...

-The Hindu The Warsaw negotiations have delivered empty new shells in the name of finance and technology to the developing world and repackaged existing financial commitments towards the poor countries in a green-coloured envelope The Warsaw negotiations delivered little on climate change issues but the fortnight served as a warning about the perilous task that lies before countries to produce a global compact by 2015 which matches expectations. The developed countries reached Warsaw...

-Live Mint The survivors are demanding that the 1989 verdict, in which India agreed to a $470 million settlement, be reopened New Delhi: On the intervening night of December 2-3 1984, a highly unstable chemical, methyl isocyanate (MiC), an intermediary substance used to manufacture Sevin, a pesticide, leaked from tank 610 in the Union Carbide plant in Bhopal. The leak was first detected by workers about 11.30pm as their eyes began to...

-The Business Standard Politics of populism will impact the government's fightback against inflation Mumbai: With the benefits of Food Security Bill failing to kick in, government is back to playing the card which many claim helped it win the previous election. It is looking to make a substantial hike in wages under the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA), according to a latest report by Economic times. A panel...